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MJ DeMarco
I followed the science; all I found was money.
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My perspective... and this is based in US/Canada, other countries will be different.
- $5-$10K/mo: Fastlane launchpad, here someone can take care of bills and really focus on their business.
- $10-$20K: Debt repayments start to accelerate, you start to realize that you don't stress about money as much.
- $20K-$50K: Personal debts can be paid instantaneously (student loans, car balances, mortgages) you start paying cash for things, and savings start to accumulate, even with modest lifestyle elevation, newer car, new house.
- $50K-$100K Net worth starts to rapidly accelerate, both through cash flow and business evaluation. Lifestyle can elevate and your life starts to change. Friends/family might start taking notice.
- $100K-$250K/mo: Net worth begins to go asymmetrical, life changes, no money worries at all, assuming your lifestyle didn't mimic the income elevation. Taxes start becoming a problem.
- $250K+/mo: Life is never the same, lifestyle starts to go asymmetrical, net worth rapidly accumulates as does liquid reserves. Taxes become a major issue.
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